Medtronic, Orthofix & more: 4 recent spine, orthopedic device company acquisitions

Here are four spine and orthopedic device company acquisitions announced or completed in the past month.

Advertisement

Medtronic acquired Stimgenics, developer of the Differential Target Multiplexed spinal cord stimulation therapy, which is used to treat patients with chronic pain.

Orthofix signed an asset purchase agreement with German company Wittenstein SE to acquire its Fitbone platform, which has potential applications for early onset scoliosis. The transaction includes $18 million in cash closing considerations and a manufacturing supply contract with Wittenstein SE.

Anika Therapeutics acquired sports medicine company Parcus Medical for $35 million with $60 million in potential incentives. Parcus Medical’s product portfolio facilitates surgeries of the shoulder, knee, hip and distal extremities.

Maruho Medical acquired orthopedic surgical device company Valeris Medical in Marietta, Ga. The acquisition expands Maruho Medical’s portfolio for soft tissue repair procedures. 

More articles on devices:
SeaSpine, 7D Surgical team to distribute navigation system for spine, neurosurgery
Ex-Olympic sports medicine chief sues, claims he was fired for reporting sexual abuse
Dr. Tom Price, former US Secretary of Health and Human Services, joins Sanuwave Health board of directors

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.